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JPMorgan Chase, 12 More Banks Said to Be Sued Over Libor

U.S. credit union regulator cites loss of income to five failed corporate credit unions.

By Andrew Harris, Bloomberg | Updated on September 24, 2013

JPMorgan Chase & Co., Barclays Plc, Credit Suisse Group AG and 10 other international lenders were sued by a U.S. credit union regulator alleging they illegally manipulated benchmark Libor interest rates.

The National Credit Union Administration, an Alexandria, Virginia-based regulator, said it sued the banks today at a U.S. court in Kansas. The filing couldn’t immediately be confirmed in court records.

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